- The Warrawoona gold project is 78 per cent complete, which owner Calidus Resources (CAI) says could be Australia’s next gold producer
- The project reportedly remains on schedule and within budget, with first gold production set for the June quarter of 2022
- Warrawoona is forecast to produce up to 105,000 ounces per annum which has the potential to increase to 139,000 ounces per annum
- Construction of the processing plant is now 85 per cent complete, with multiple work fronts continuing as planned
- Shares have been up 0.9 per cent, trading at 58 cents
Calidus Resources (CAI) believes its Warrawoona gold project in the Pilbara region of Western Australia could be Australia’s next gold producer.
The project is 78 per cent complete and reportedly remains on schedule and within budget. The first gold production is set for the June quarter of 2022.
Managing Director at Calidus, Dave Reeves, says the project is well on track.
“The focus of the team on site is now swinging from construction to operational readiness with mining and recruiting activities ramping up,” he said.
Warrawoona is forecast to produce up to 105,000 ounces per annum. The company says this has the potential to increase to 139,000 ounces per annum when the nearby Blue Spec deposit is developed.
The company says construction of the processing plant is now 85 per cent complete, with multiple work fronts continuing as planned. This includes additional works at the processing plant, expanding its fuel farm capacity and recruitment of operations staff.
Mr Reyes believes the success of the development is a testament to everyone involved.
“The Warrawoona Gold Project remains on time and budget, which is a huge credit to all employees and contractors involved in the construction in what has been a challenging environment,” he said.
Shares were trading at 58 cents, a rise of 0.9 per cent at 10.39 am AEDT.